JinkoSolar Holding Co., Ltd. (NYSE: JKS) saw its stock price plummet 5.73% during intraday trading on Friday.
The sharp decline follows the release of preliminary unaudited financial results for the company's majority-owned principal operating subsidiary, Jiangxi Jinko, for the full year ended December 31, 2025. The subsidiary reported a 29.18% year-on-year decrease in revenue to RMB65.49 billion and swung to a net loss attributable to shareholders of RMB6.79 billion, compared to a net profit of RMB98.9 million in 2024.
The company attributed the significant deterioration in performance primarily to a decline in the profitability of its main business due to a fall in the selling prices of its photovoltaic products. JinkoSolar holds approximately 55.59% equity interest in Jiangxi Jinko.